ISO 55001:2014

Optimize your assets and improve performance

ISO 55001:2014 Asset Management

If your organization has multiple assets at the heart of the business, you’ll know that an efficient asset management strategy, regardless of whether the assets are financial, physical or organizational, should contribute to better operating results, performance and ultimately improve your bottom line.

ISO 55001 Asset Management supersedes PAS 55

Superseding PAS 55 Asset Management – which has proved to be one of the most popular standards of all time – ISO 55001, accompanied by ISO 55000 ‘Overview, principles and terminology’ and ISO 55002 ‘Guidelines for the application of ISO 55001’ will support businesses in achieving the best possible net return from assets while reducing the cost of ownership. With the key difference being that PAS 55 focused on physical assets only whilst ISO 55001 reflects a consideration of all types of financial, organizational and physical assets.

What is ISO 55001?

A new international suite of standards has been created to give guidance in asset management best practise. ISO 55001 focuses on helping you develop a proactive lifecycle asset management system. This supports optimization of assets and reduces the overall cost of ownership while helping you to meet the necessary performance and safety requirements.

Are you ready for Asset Management?

Whether you’re new to Asset Management or looking to take your expertise further, we have training, resources and services to help you on your way. We offer both certification and verification to ISO 55001, supporting you in meeting your business requirements, whatever they may be. Verification is available to compliment your certification or as a standalone service, depending on the needs of your business.

Improved quality assurance for customers/regulators – where assets play a key role in the provision and quality of products and services

New business acquisition - stakeholders gain confidence from the knowledge that a strategy is in place to ensure assets meet the necessary safety and performance requirements

Supports international business growth – demonstrating that the requirements of an internationally recognised asset management system are being met

Client Case Study - Scottish Water

Scottish Water is among the five largest water utilities in the UK, providing regulated water and wastewater services to five million customers in 2.4 million homes and 124,000 businesses. A major focus of Scottish Water is investment in its infrastructure, maintaining and upgrading its physical assets to assist in the provision of clean drinking water.

Next steps

Whether you’re starting your business improvement journey, or looking to enhance current knowledge and capabilities, contact our expert team who will be able to give advice and guidance about options that will enable you to meet your goals.

Resources for ISO 55001

Standards Development website

Our new and improved Standards Development Portal is now here. You can use the new Portal to discover and comment on standards in development, track their progress and find out which trade associations and professional bodies are represented on BSI committees.